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Japan Corrugated Board Market Size, Growth 2022 | Industry Report

Japan Corrugated Board Market Analysis Report By Application, By Region And Segment Forecasts From 2015 To 2022

Report ID: MN17619831  |  Published: June 2020  |  No of Pages: 95
Format: Electronic (PDF)  |  Industry: Packaging  |  Publisher: Grand View Research

Industry Insights

The Japan corrugated board market size was worth USD 4.71 billion in 2014. Owing to the rising demand for food products, the market is projected to witness significant demand over the forecast period. Corrugated boards are widely used over other packaging materials, which, in turn, is driving the market growth.

The demand for lightweight packaging is gaining traction in the recent past. Containerboards with 70-160 gsm are increasingly getting popular, especially in China and Japan, thereby, leading to market growth.

Japan corrugated board market

The rapidly increasing processed food sector in Japan is driving the market for corrugated boards. Owing to the launch of innovative food and farm technologies, there has been a significant increase in the trade of food items including processed foods. Further, major food players of the globe are engaged in trading their foods in the global market, thus, attributing to the market growth.

Consumption of processed food is primarily driven by the changing lifestyle of consumers. Foods such as meals-in-box and packaged sauces are witnessing significant demand in Japan in the recent past. This factor, in turn, is positively affecting the growth of the corrugated board market.

Corrugated boxes consist of organic content such as paper and starch glue, thereby, becoming a sustainable option in the packaging industry. It can easily be pressed or disposed into the old-paper bale. Thus, this packaging offers a cost-effective solution alternative and is widely used by several industry players.

Application Insights

The corrugated board is extensively used in food products, beverages, textiles, personal and household care, and electrical products. Among different applications, food packaging accounted for over 55% of the share in the market in 2014. Further, this packaging provides an aesthetically appealing design, thereby preferred by the majority of companies in the food industry. Owing to its growing application, research & development activities have been increased considerably regarding security and safety, which, in turn, is anticipated to propel the Japan corrugated board market.

The electronic segment is projected to register a CAGR of 1.5% over the forecast year. Factors such as lightweight and low cost are anticipated to drive the demand for this packaging in the electronics segment. This packaging acts as a shock absorbent and protects the electronic equipment from damage. In addition, corrugated boards can be easily recycled owing to their environment-friendly nature.

Japan corrugated board market

The textile industry is anticipated to witness a rapid demand for corrugated boards owing to the rise in textile imports from China. The majority of companies are shifting their business presence to China and other countries owing to the availability of cheap labor. This has led to a rise in imports in Japan, thus, positively affecting the market growth.

Owing to the rise in the number of joint ventures with Middle Eastern nations and China, Japan is projected to witness considerable growth in the chemical industry. The use of corrugated boards serves as water resistance and insulation for the products. In addition, these boards work as a cushion and protect products from damages. Water-resistance boards are recyclable and used in the transportation of various agricultural products and chemicals.

Japan is observing a surge in demand for both non-alcoholic and alcoholic products owing to the increasing population of the middle class and rising per capita income. The beverage industry is among the major end-users of corrugated boards. Presence of leading beverage manufacturers and the introduction of functional drinks and draft beer packaged in cans, the market is projected to witness a significant rise.

Japan Corrugated Board Market Share Insights

Companies operating in the market are integrated and involved in the manufacturing, sales, and distribution of corrugated boards. The company trades its products in both Japan and the international market. Strategic initiatives such as geographical expansion and the introduction of new products are playing a key role in the market.

Major players are emphasizing investment in the development of innovative products. Further, they are focusing on research and development activities, which, in turn, are projected to supplement the market growth. The market is characterized by the presence of small to large players. Owing to the technical advancements and introduction of scientific approaches, the market is expected to witness rapid growth in the near future.

Major players operating in the market are Japan Pulp and Paper Company Limited, Nippon Paper Group Inc., Oji Holdings, and Dynapac Co., Ltd. Owing to the presence of local and international brands, the market is competitive in nature.

Report Scope

Attribute

Details

The base year for estimation

2014

Actual estimates/Historical data

2012 - 2013

Forecast period

2015 - 2022

Market representation

Volume in million square meters, Revenue in USD Million & CAGR from 2015 to 2022

Country scope

Japan

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2012 to 2022. For this study, Million Insights has segmented the Japan corrugated board market report based application:

• Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2012 - 2022)
    • Food Products
    • Beverages
    • Personal & Household Care
    • Chemicals
    • Electrical Goods
    • Glassware & Ceramics
    • Transport
    • Textiles
    • Paper Products
    • Others

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